According to U.Today, Dogwifhat (WIF), a meme cryptocurrency inspired by Solana's SHIB, has become the worst-performing crypto among the top 100 cryptocurrencies. The coin experienced a significant drop, losing 10.1% of its capitalization overnight and pushing its weekly losses to over 35%. This decline brought WIF to a local low of $1.63, causing it to lose its position among the top 50 largest cryptocurrencies by market cap. Other meme coins also faced declines, with Brett (BRETT) down by 10%, Floki (FLOKI) dropping by 5.5%, Shiba Inu (SHIB) losing 4.9%, and Bonk (BONK) falling by 7%. The largest cat-themed coins, Popcat (POPCAT), Cat in Dog World (MEW), and Mog Coin (MOG), saw losses ranging from 12% to 17%, struggling to stay above the $0.5 billion market cap. Despite the overall cryptocurrency market seeing a 4% decline, Dogecoin (DOGE) managed to outperform the segment with a relatively modest 2.9% drop. The meme coin sector's capitalization fell by 8%, now sitting below $45 billion, according to CoinGecko data. In the midst of this market downturn, a significant event occurred involving one of the largest WIF holders. According to Lookonchain's analysis, a whale or group of whales sold 14.53 million WIF for $24 million on August 3, 2024. This whale had initially purchased the WIF tokens on November 30, 2023, for just $5,340, resulting in an astonishing 4,497x return. If the whale had sold at the highest price, the return on investment could have been 12,927x, amounting to nearly $70 million from the initial $5,340 investment. This remarkable profit highlights the volatility and potential for significant gains within the cryptocurrency market, even amid broader market declines.